BMO’s Children’s Life Insurance Plan

Aug 27 2010

BMO’s Children’s Life Insurance Plan

Posted by Lachlan Bethel in Life Insurance

It’s a good idea to insure your kids. Photo by Ted Bongiovanni

BMO Insurance offers a children’s life insurance plan sold directly via its call center and not its broker network. The plan is called the “Headstart in Life Plan.”

* The plan has premiums which start at $7.20 a month. * Parents can pay premiums for 20 years and receive lifetime protection for their son or daughter. * Premiums are guaranteed to never increase. * The face amounts can be $10,000, $20,000 or $30,000 of coverage. * Children between the ages of two weeks and 17 years are guaranteed acceptance, but the parents are required to sign a declaration of health for their son or daughter. * The policies accumulate a cash value after the sixth year.

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